TTG GLOBAL SOLUTIONS GROUP LIMITED
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Cash
£1.7m
+6.3% vs 2024
Net assets
£4.4m
+46.7% highest in 3 filed years
Employees
101
-12.9% lowest in 3 filed years
Profit before tax
£200k
-80% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,300,000 | £17,400,000 | £15,800,000 | -9.2% | |
| Operating profit | £2,800,000 | £1,100,000 | £300,000 | -72.7% | |
| Profit before tax | £2,700,000 | £1,000,000 | £200,000 | -80% | |
| Net profit | £2,700,000 | £1,000,000 | £1,500,000 | +50% | |
| Cash | £2,800,000 | £1,600,000 | £1,700,000 | +6.3% | |
| Total assets less current liabilities | £2,900,000 | £3,100,000 | £5,500,000 | +77.4% | |
| Net assets | £2,300,000 | £3,000,000 | £4,400,000 | +46.7% | |
| Equity | £2,300,000 | £3,000,000 | £4,400,000 | +46.7% | |
| Average employees | 116 | 116 | 101 | -12.9% | |
| Wages | £7,100,000 | £6,600,000 | £6,200,000 | -6.1% | |
| Directors' remuneration | £837,000 | £469,000 | £395,000 | -15.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | 14.5% | 6.3% | 1.9% | |
| Net margin | 14.0% | 5.7% | 9.5% | |
| Return on capital employed | 96.6% | 35.5% | 5.5% | |
| Gearing (liabilities / total assets) | 77.9% | 68.1% | 58.1% | |
| Current ratio | 1.21x | 1.19x | 1.56x | |
| Interest cover | 28.00x | 11.00x | 3.00x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Taking the matters above into account, the directors have a reasonable expectation that the Group and Company have adequate resources to continue in operational existence for the 12 months from the signing of these accounts. Accordingly, the going concern basis of preparation has been adopted in the financial statements.”
Group structure
- TTG GLOBAL SOLUTIONS GROUP LIMITED · parent
- Team Telecommunications Group Limited 100%
- TTG Limited 100%
- Air Radio Limited 100%
- Simoco Wireless Solutions Limited 100%
- Simoco EMEA Limited 100%
- Team Telecom Group Australia PTY Limited 100%
- Simoco Wireless Solutions PTY Limited 100%
- Team Simoco Australia PTY Limited 100%
- Simoco Australasia, Taiwan Branch 100%
- TMC Radio PTY Ltd 100%
- Simoco Limited 100%
- Simoco Systems Limited (formerly Thorcom Systems Limited) 100%
Significant events
- “During the year, Team Telecommunications Group Limited the subsidiary company, acquired the remaining 25% shares of Simoco Systems Limited (formerly Thorcom Systems Limited) which became a fully owned subsidiary of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLIAMS, Philip Edward | Secretary | 2022-04-20 | — | — |
| BURRIDGE, Peter Louis | Director | 2022-04-20 | Apr 1956 | British |
| WILLIAMS, Philip Edward | Director | 2022-04-20 | Apr 1968 | British |
| WOODHALL, Andrew Peter | Director | 2022-04-20 | Nov 1964 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARR, Ian | Director | 2022-04-20 | 2024-06-13 |
| NORFIELD, Michael Stewart | Director | 2022-04-20 | 2025-01-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Michael Stewart Norfield | Individual | Shares 25–50% | 2022-09-30 | Ceased 2025-01-26 |
| Mr Peter Louis Burridge | Individual | Shares 25–50% | 2022-09-28 | Active |
| Mr Philip Edward Williams | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-20 | Ceased 2022-09-28 |
Filing timeline
Last 20 of 29 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-10-18 MA Memorandum articles
- 2022-10-18 RESOLUTIONS Resolution
- 2022-10-18 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-22 | AA | accounts | Accounts with accounts type group | |
| 2026-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-31 | AA | accounts | Accounts with accounts type group | |
| 2025-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-26 | AA | accounts | Accounts with accounts type group | |
| 2024-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-03 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-12 | AA | accounts | Accounts with accounts type dormant | |
| 2023-04-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-10-25 | SH01 | capital | Capital allotment shares | |
| 2022-10-19 | SH08 | capital | Capital name of class of shares | |
| 2022-10-19 | SH10 | capital | Capital variation of rights attached to shares | |
| 2022-10-18 | MA | incorporation | Memorandum articles | |
| 2022-10-18 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-18 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.